KRE -- Navigator's Seltene Erden Ableger

Kimberley Rare Earths nears start of exploration at Malilongue after earning 40% interest
Friday, December 09, 2011 by Angela Kean
Kimberley Rare Earths managing director Tim Dobson told Proactive Investors today the company’s plan is to have a pipeline of rare earth projects that will move into production over the next five to 10 years. The company is building on that goal with the recent 40% earn-in to the Malilongue heavy rare earths project in Mozambique.

Kimberley Rare Earths (ASX: KRE) has reached the significant milestone of acquiring a 40% interest in the Malilongue heavy rare earths project in northwest Mozambique after recently completing due diligence on the project.

Malilongue is a pegmatite hosted rare earths project which hosts major exploration potential, including for xenotime-hosted yttrium, dysprosium and erbium.

Previous pegmatite grab samples assaying over 20% total rare earth oxides show the highly prospective nature of the project.

Kimberley Rare Earths managing director Tim Dobson said the deal provides the company with a heavy rare earths project to add to its portfolio, which includes the Cummins Range Rare Earth Project in Western Australia which is a light rare earths project.

Under the farm-in agreement made with Great Western Mining, a gemstone mining company incorporated in Mozambique, Kimberley Rare Earths can earn up to a 90% interest in the Malilongue project.

To satisfy the acquisition of the initial 40% interest, Kimberley Rare Earths will pay Great Western a further A$250,000, taking total payments to $300,000, as well as issue 1 million shares at the five day volume weighted average price prior to issue and 750,000 options exercisable at $0.30 each within four years from six months after the date of issue.

Additional consideration comprises a cumulative $4 million payment over five years to earn up to 80%, with a right to increase to 90% by sole funding to production.

Kimberley Rare Earths will begin exploration immediately with the re-processing of geophysical and Landsat data to define suitable exploration targets for follow-up.

Dobson said the first exploration program will include including geological mapping, rock chip sampling and stream sediment sampling to identify the first drilling targets.

The company is aiming to have a rig on the project for the start of drilling after Mozambique’s wet season in the June quarter 2012.


Impressive historical data

No doubt attracting Kimberley Rare Earths to the Mozambique domiciled project is the historical data, which includes rock chip samples assaying over 20% TREO.

Added to this is concentrates from 38 separate pits located throughout the pegmatite field sampled by the current owner, which have averaged over 1000ppm TREO with 55% being LREO, 25% HREO and 20% yttrium oxide.

A sample extracted from the eluvial beds was subjected to mineralogical examination by a scanning electron microscope and found to comprise major xenotime and minor monazite and zircon.

In addition to yttrium, the xenotime shows appreciable dysprosium and erbium.


Strategic project location

Malilongue is located in western Mozambique about 300 kilometres west of the regional mining centre of Tete, and comprises two tenements, Mining Concession 1133C and Prospecting License 1583L.

Another plus for the project is good access with grid hydroelectric power, with mobile phone coverage located 50 kilometres to the east.

Great Western has established some basic infrastructure within the mining concession including a secure office, accommodation, workshop complex and has fully operational earth moving, haulage and treatment facilities associated with its gemstone operation.



Potential Projects

Dobson also told Proactive Investors Kimberley Rare Earths is assessing somewhere between five and 10 potential heavy and light rare earths project acquisitions at the moment, both in Australia and overseas.

“We are looking at other rare earth projects. We will only take on good quality projects. One of our biggest assets is our cash position and we want to make sure we conserve that as best we can,” he said.  

“We’ve only got room for a couple of grassroots projects. I am actually looking for another advanced project. Our plan is to have a pipeline of projects that will move into production over say the next five to 10 years  

Mineral Hill UpdateMon, 12 Dec 2011 12:12:00 +1000       2 hours, 12 minutes ago


ACN 129 954 365 ASX: KBL, KBLGA Level 3, 2 Elizabeth Plaza, Nth Sydney NSW 2060. PO Box 98, Nth Sydney NSW 2059. 12 December 2011 ASX RELEASE MINERAL HILL UPDATE KBL Mining Limited, formerly Kimberley Metals Limited, (“the Company” or “ KBL”) is pleased to report the following updates for the Mineral Hill mine, located approximately 65 kilometres north of Condobolin in central-western New South Wales.

Concentrate Shipments The Company continues to produce copper concentrates within specification from mining of ore from the Parkers Hill underground mine. • • • • • • The first shipment of concentrates are now at the Yunnan Copper smelter in China The second shipment departed 19 November 2011 The third shipment left Port Botany on 10 December 2011. The fourth shipment is scheduled to depart on 29 December 2011.

A total of 2,707 tonnes was despatched in the first three shipments. Future shipments are scheduled at regular three week intervals in line with the mine plan Mill Production Copper recoveries have continued to achieve 85-90% and the average concentrate grade has improved to 25% copper attributable to maintaining a consistent high ore grade feed to the plant and the presence of bornite in the ore which is a higher grade copper mineral resulting in a higher quality concentrate. The team at Mineral Hill are currently working on expanding forecast production targeting an initial 10% gain in mill feed from the current forecast rate of 250,000 tonnes of ore per annum to 275,000 tonnes per annum.

Expanded production is expected to commence in January and will mean a 10% increase in planned copper metal production from 4,900 to 5,200 tonnes in concentrate. Current mill capacity has been restricted to a maximum of 28 tonnes per hour (250,000 tonnes of ore per annum) due to tailings pipe and mill cyclone pump restrictions, resulting in no catch up ability after power or other outages. These restrictions are currently been addressed with a second tailings line currently being installed and larger mill cyclone pumps due for installation in the next two weeks.

ACN 129 954 365 ASX: KBL, KBLGA Level 3, 2 Elizabeth Plaza, Nth Sydney NSW 2060. PO Box 98, Nth Sydney NSW 2059. 12 December 2011 Further gains are expected in mill feed based on coarse grind metallurgy test work completed by the Company.

Indications are that high copper recoveries are still achievable at coarser  

http://www.brr.com.au/event/89938  

http://www.brr.com.au/event/90100/tim-dobson-managing-director  

Placement of 8.8 million sharesMon, 23 Jan 2012 08:32:00 +1000       5 hours, 47 minutes ago


ACN 129 954 365 ASX: KBL, KBLGA Level 3, 2 Elizabeth Plaza, Nth Sydney NSW 2060. PO Box 98, Nth Sydney NSW 2059. 23 January 2012 ASX RELEASE Placement of 8.8 million shares KBL Mining is pleased to announce that it has agreed to place 8.8 million shares at 25 cents per share to professional and sophisticated investors.

The placement was arranged through Martin Place Securities. The issue received strong support and the original $2 million raising was increased to $2.2 million. The proceeds will be used to strengthen the Company’s working capital.

For further information, please contact: Jim Wall Executive Chairman Kimberley Metals Limited Telephone: 02 9927 2005 Barry Dawes Managing Director Martin Place Securities Telephone: 02 9222 9111 About KBL Mining Limited KBL Mining is an Australian resource company listed on the ASX (ASX: KBL and KBLGA) with focus on precious and base metals The Company (75%) and Henan Yuguang Gold & Lead Co. Ltd (HYG&L) (25%,) own the Sorby Hills Silver-Lead-Zinc deposit in Western Australia, which is one of the world’s largest near surface undeveloped silver-lead deposits, close to port infrastructure and a short distance from Asian markets. The Company wholly owns the Mineral Hill Mine located in central New South Wales.

Current production of 250,000tpa at Mineral Hill is forecast to increase to 400,000tpa with the introduction of gold and silver dore production from the Pearse open cut from mid-2012. Initial planned production at Sorby Hills will be 500,000tpa from mid-2013. More information can be found on KBL’s website at www.kblmining.com.au..  

"KBL Mining" und "Kimberley Metals" haben vermutlich _nichts_ mit Kimberley Rare Earths zu tun, richtig? Dann erschliesst sich mir der Sinn des Beitrags #30 nicht.  

http://media.wotnews.com.au/asxann/01262037.pdf  

Kimberley Rare Earths completes board restructure with appointment of Jon Parker
Friday, February 10, 2012 by Christine Feary


Kimberley Rare Earths (ASX: KRE) has completed a board restructure announced late in 2011, welcoming Jon Parker as a non-executive director.

Parker brings strong corporate experience in the resource and energy sectors to the board, with 30 years’ experience in commercial, development and strategy roles along with 10 years in technical roles.

He spent 26 years with Rio Tinto in management and executive roles in iron ore, energy, kaolin and aluminium.

Kimberley chairman Ian Macpherson said Parker’s experience with strategy development would be a boon for the company.

“Jon brings a strong focus on strategic thinking to the board and through his recent consulting roles, will be a valuable resource as the company develops its rare earth projects towards production both in Australia and overseas.”

The board restructure was announced following the decision by independent non-executive director Peter Rowe and non-executive director and chief financial officer Gerry Kaczmarek to step down from the board.

Kaczmarek has officially stepped down from the board following Parker’s appointment.
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There were only two small trades in Kimberley Rare Earths Limited (KRE) yesterday. But over the past week there has been some buying activity that suggests there is insider buying in the company. If you look at the above daily stock chart, you can clearly see this spurt of buying.

Yesterday, the stock closed on its high at 8.6c. Trading is still very thin so it’s still a little too early to know if there is anything to it. The stock has been sold down quite a bit, so it could simply be a case of some seeing value – after the stock hit a new record low of 7.3c earlier this week.

Kimberley Rare Earths Limited is a spin-off from Navigator Resources which listed back in May 2011.

Investing and trading in ASX listed stocks and other financial instruments is speculative in nature and therefore involves inherent risk. Before considering any information provided on asxguru.com.au, please read our disclaimer.  

Kimberley Rare Earths completes board restructure with appointment of Jon Parker
9:41 pm
Kimberley Rare Earths (ASX: KRE) has completed a board restructure announced late in 2011, welcoming Jon Parker as a non-executive director.

Parker brings strong corporate experience in the resource and energy sectors to the board, with 30 years’ experience in commercial, development and strategy roles along with 10 years in technical roles.

He spent 26 years with Rio Tinto in management and executive roles in iron ore, energy, kaolin and aluminium.

Kimberley chairman Ian Macpherson said Parker’s experience with strategy development would be a boon for the company.

“Jon brings a strong focus on strategic thinking to the board and through his recent consulting roles, will be a valuable resource as the company develops its rare earth projects towards production both in Australia and overseas.”

The board restructure was announced following the decision by independent non-executive director Peter Rowe and non-executive director and chief financial officer Gerry Kaczmarek to step down from the board.

Kaczmarek has officially stepped down from the board following Parker’s appointment.  

Kimberley Rare Earths discovers large heavy rare earth prospect at Malilongue in Mozambique
Friday, February 17, 2012 by Angela Kean
Kimberley Rare Earths general manager – exploration Geoff Collis told Proactive Investors today all indications are at the moment that the Malilongue heavy rare earths project in Mozambique is similar to Quest Rare Minerals’ Strange Lake deposit in northern Quebec, which has an Indicated Resource of 51Mt at 1.16% TREO.

Kimberley Rare Earths (ASX: KRE) has identified multiple heavy rare earth oxide (HREO) exploration targets at its 40%-owned Malilongue Project in Mozambique.

Strong comparisons have been drawn between the Malilongue project and Quest Rare Minerals’ (TSX-V: QRM) Strange Lake pegmatite-hosted deposit in northern Quebec, which hosts an Indicated Resource of 51 million tonnes at 1.16% total rare earth oxides (TREO) within a total Inferred Resource of 230 million tonnes at 1% TREO.

General manager – exploration Geoff Collis told Proactive Investors today Kimberley Rare Earths is highly confident of defining a heavy rare earth deposit at Malilongue.

“The similarities with Strange Lake are quite remarkable and geologically it looks very similar,” he said. “All indications are at the moment that we may be onto the same kind of thing.”

Managing director Tim Dobson said Malilongue has already revealed surface mineralisation with significant xenotime-hosted critical heavy rare earth oxides.

“The recently acquired airborne geophysical and satellite data have considerably enhanced our views on the potential for Malilongue to host significant heavy rare earth deposits,” he said.

“We are particularly excited by the Vundu prospect, which has never previously been explored for any minerals, let alone rare earths. We plan to mobilise field crews as soon as weather permits.”


Vundu

The largest and highest priority target has been named the Vundu prospect and measures 3 kilometres in strike with total count activity levels that peak at eight times background.

The size and location of this anomaly are considered geologically significant being located on the margins of the intrusion where pegmatite-hosted HREO mineralisation is expected to occur.

No previous exploration has been conducted over this area. Kimberley Rare Earths is now planning to conduct ground radiometric surveys, soil geochemistry and geological mapping programs to define targets for reverse circulation drill testing.

This is expected to begin in March, following the current wet season.

High resolution aeromagnetic/radiometric data flown in 2008 by Kimberley Rare Earths’ joint venture partner Great Western Mining has been acquired and reprocessed to reveal considerable HREO potential within the project tenure.

A circular Malilongue granite intrusion was identified which appears to demonstrate significant internal magnetic zonation. This zonation may be a factor in targeting further HREO exploration.

Landsat and ASTER satellite thermal emission and reflectance data were acquired over the project area and manipulated in an attempt to enhance various alteration products potentially associated with pegmatite emplacement.

Strong vegetation cover over most of the project area resulted in a subdued response to many of the alteration ratios, however a marked vegetation anomaly was detected along the northern margins of the granite intrusion and coincident with the Vundu radiometric anomaly in particular.

Collis said Kimberley Rare Earths aims to begin drilling at Malilongue before mid-year, weather permitting.

“If we get some really good hits in the first drilling phase, which hopefully will be around about June, then we’ll be straight into resource drilling after that,” he said.


Impressive historical data

No doubt attracting Kimberley Rare Earths to the Mozambique domiciled project is the historical data, which includes rock chip samples assaying over 20% TREO.

Added to this is concentrates from 38 separate pits located throughout the pegmatite field sampled by the current owner, which have averaged over 1000 parts per million TREO with 55% being light rare earth oxides, 25% HREO and 20% yttrium oxide.

A sample extracted from the eluvial beds was subjected to mineralogical examination by a scanning electron microscope and found to comprise major xenotime and minor monazite and zircon.

In addition to yttrium, the xenotime shows appreciable dysprosium and erbium.


Farm-in Agreement

Under the farm-in agreement made with Great Western Mining, a gemstone mining company incorporated in Mozambique, Kimberley Rare Earths can earn up to a 90% interest in the Malilongue project.

Malilongue is just one of a number of acquisitions Kimberley Rare Earths has been considering.

Dobson also told Proactive Investors previously Kimberley Rare Earths is assessing somewhere between five and 10 potential heavy and light rare earths project acquisitions, both in Australia and overseas.


Cash-backed

At the end of the December quarter Kimberley Rare Earths held cash reserves of A$13.7 million, with a market cap of just $10 million.  

Presentation at IQPC Rare Earths ConferemnceTue, 21 Feb 2012 09:05:00 +1000       5 hours, 25 minutes ago


Cummins Range – Towards Production IQPC Rare Earths & Strategic Metals Conference February 2012 DISCLAIMER  The information contained in this presentation is not financial product advice. The presentation is for information purposes and is of a general and summary nature only. It does not constitute an offer.

Kimberley Rare Earths Limited (KRE) gives no warranties in relation to the statements and information in this presentation. Investors should seek appropriate advice on their own objectives, financial situation and needs. subject to inherent risks and uncertainties which could cause actual values, performance or achievements to differ materially from those expressed, implied or projected in any forward looking statements.

 This presentation contains certain statements which may constitute “forward-looking statements”. Such statements are only predictions and are  KRE disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise. Investors are cautioned that forward-looking statements are not guarantees of future performance and investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein.

 This presentation does not constitute or form any part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities in the Company nor shall it or any part of it, or the fact of its distribution, form the basis of, or be relied on in connection with, any contract or commitment or investment decision relating to any securities in the Company. Any decision regarding any proposed subscription for securities in the Company must be made solely on the basis of information on the Company that is publicly available.  This presentation does not constitute an offer of securities for sale.

COMPETENT PERSONS STATEMENT  Information in this presentation that relates to exploration or exploration results is based on information compiled by Mr Geoff Collis, who is a member of the Australasian Institute of Mining and Metallurgy and has sufficient exploration experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activities which are being undertaken to qualify as a Competent Person as defined in the 2004 Edition of the “Australian Code for Reporting of Mineral Resources and Ore Reserves”. Mr Collis consents to the inclusion of these estimates in the form and context in which they appear.  ....
google Übersetzung------------
Präsentation auf der IQPC Seltene Erden Conferemnce Tue, 21 Februar 2012 09.05.00 1000 5 Stunden, 25 Minuten


Cummins Range - in Richtung Produktion IQPC Seltene Erden & Strategic Metals Conference Februar 2012 DISCLAIMER  Die Informationen in dieser Präsentation enthaltenen Informationen sind nicht Finanzproduktberatung. Die Präsentation ist zu Informationszwecken und sind allgemeiner Natur und die Zusammenfassung nur. Es stellt weder ein Angebot. Kimberley Rare Earths Limited (KRE) gibt keine Garantien in Bezug auf die Aussagen und Informationen in dieser Präsentation. Anleger sollten sich eine geeignete Beratung über ihre eigenen Ziele, finanziellen Situationen und Bedürfnisse. unterliegen naturgemäss Risiken und Unsicherheiten, die tatsächlichen Werte, Leistungen oder Erfolge erheblich von jenen unterscheiden ausgedrückt, impliziert oder in den zukunftsgerichteten Aussagen prognostizierten verursachen könnten.  Diese Präsentation enthält bestimmte Aussagen, die "zukunftsgerichtete Aussagen" darstellen können. Solche Aussagen sind nur Vorhersagen sind und  KRE lehnt jegliche Absicht oder Verpflichtung zur öffentlichen Aktualisierung jeglicher zukunftsgerichteter Aussagen, gleich ob als Ergebnis neuer Informationen, zukünftiger Ereignisse oder Ergebnisse oder auf andere Weise. Investoren werden darauf hingewiesen, dass zukunftsgerichtete Aussagen sind keine Garantien für zukünftige Leistungen und Investoren werden davor gewarnt, in unangemessener Weise auf zukunftsgerichtete Aussagen aufgrund der inhärenten Unwägbarkeiten enthalten.  Diese Präsentation stellt weder bilden einen beliebigen Teil eines Angebots oder einer Einladung zum Verkauf oder zur Ausgabe oder einer Bewerbung eines Angebots zum Kauf oder zur Zeichnung von Wertpapieren der Gesellschaft noch darf sie oder ein Teil davon, oder die Tatsache ihrer Verbreitung, bilden die Basis, auf oder im Zusammenhang mit der geltend gemacht werden einem Vertrag oder einer Verpflichtung oder Investitionsentscheidung betreffend Wertpapiere der Gesellschaft. Jede Entscheidung, zu allen Vorschlägen für Abonnements von Wertpapieren der Gesellschaft muss ausschließlich auf der Grundlage von Informationen über das Unternehmen, das öffentlich zugänglich ist, vorgenommen werden.  Diese Präsentation stellt weder ein Angebot zum Kauf von Wertpapieren. ZUSTÄNDIGE PERSONEN UND VERLUSTRECHNUNG  Die Informationen in dieser Präsentation, die auf Explorations-oder Explorationsergebnisse bezieht sich auf Informationen von Herrn Geoff Collis, der ein Mitglied des Australian Institute of Mining and Metallurgy ist zusammengestellt basiert und verfügt über ausreichend Erfahrung, die relevant Exploration ist es, die Art von Mineralisation und den Typ von Lagerstätte Überlegung und zu den Aktivitäten, die umgesetzt werden, um als qualifizierte Person, wie in der Ausgabe 2004 des "Australian Code for Reporting von mineralischen Ressourcen definiert und Ore Reserves ". Herr Collis stimmt der Aufnahme dieser Schätzungen in Form und Kontext, in dem sie erscheinen.  ....
http://media.wotnews.com.au/asxann/01270375.pdf  

Uff...thx für die Infos, hab mir die mal am Stck durchgelesen und sie waren sehr interessant. :-)

 

Malilongue - Heavy Rare Earth Exploration UnderwayThu, 5 Apr 2012 09:33:00 +1000       3 hours, 52 minutes ago


[Type text] ASX:KRE ASX ANNOUNCEMENT 5 April 2012 Kimberley Rare Earths Limited ABN 20 147 678 779 Directors Ian Macpherson – Chairman & NED Tim Dobson – Managing Director Allan Trench – NED Jon Parker – NED Management Tim Dobson – Managing Director Geoff Collis – GM Exploration Michael Chan – GM Project Dev. Darren Crawte – Company Secretary Head Office Suite 1, 83 Havelock St West Perth WA 6005 Telephone: +61 8 9486 4326 Facsimile: +61 8 9486 4327 Website www.kimberleyrareearths.com.au Capital Structure 126.6m shares 6.0m 25c, 2014 unlisted options 3.5m 30c, 2014 unlisted options 0.75m 30c, 2015 unlisted options Cash at 31 March 2012 $12.9 million Market Cap at 2 April 2012 $10.2 million For further information, please contact: TIM DOBSON Managing Director info@kimberleyrareearths.com.au Tel: +61 8 9486 4326 Malilongue, Mozambique: Heavy Rare Earth Exploration Underway KEY POINTS  Field exploration commenced at Malilongue HREE project  Vundu prospect’s significance confirmed via ground radiometric survey  Location of previously unrecorded artisanal pegmatite workings confirmed via mapping  Soil geochemistry program in progress Kimberley Rare Earths Limited (ASX:KRE) is pleased to announce it has begun the first systematic exploration program of its 40%‐owned Malilongue Heavy Rare Earth Project located in Mozambique (see Appendix 1 for location map). KRE entered into the Malilongue Project, a joint venture, in September 2011 to take advantage of the strong prospectivity for xenotime‐hosted heavy rare earth oxides such as yttrium, dysprosium and erbium; coupled with the strong market outlook for heavy rare earth products.

A program of high‐impact exploration is underway to rapidly assess priority heavy rare earth targets identified from regional geophysical datasets previously advised to ASX on 17 February 2012. The aim is for the priority targets identified to be the basis of a drilling program during the 2012 dry season. A ground radiometric survey is in progress at the Vundu prospect.

Initial indications confirm and significantly enhance the airborne anomaly. Scintillometer readings in excess of 10 times background have been recorded along segments of the prospect leading to discrete targets constrained within the broader Vundu prospect. Full results will be released when the survey is complete.

Reconnaissance geological mapping is also underway and has uncovered previously unrecorded artisanal workings excavated within pegmatites. Some of these diggings are very recent indicating that new pegmatite discoveries are constantly being made within the tenement area. These new occurrences are being mapped and sampled to ....

http://media.wotnews.com.au/asxann/01285616.pdf  

http://www.kimberleyrareearths.com.au/files/files/...llurgy_FINAL.pdf

 

Kimberley Rare Earths discovers HREO prospect at Malilongue in Mozambique
Tuesday, July 17, 2012 by John Phillips
Geoff Collis, GM of Exploration, told Proactive Investors today that prospects keep appearing at Malilongue. "We continue to discover good values of rare earths and heavy rare earths, along with lithium and tantalum."

Kimberley Rare Earths (ASX: KRE) has discovered a new prospect which has the potential for multiple elements at the Malilongue heavy rare earths oxide project located in Mozambique.

Kimberley only started exploration a few months ago at Malilongue, with the Chigaio prospect yielding significant strategic metal anomalism - and is located just nine kilometres from the Vundu prospect where more rare earth anomalism was recently defined.

Worth noting for investors, Malilongue has already drawn similarities to the Quest Rare Minerals' (CVE: QRM) Strange Lake deposit in Canada, (43‐101 Resource: 230 million tonnes at 0.91% TREO. A "Heavies" Project: 41% HREO/TREO).

Over 1800 soil samples have been collected from around the margins of the Malilongue granite using a set of grid system designs, with results from the Southern Pegmatite Field grid defining a major geochemical zone containing lithium, tantalum and tin anomalism over the Chigaio pegmatite.

Further soil geochemical peak values include tantalum in soil at over 270ppm and lithium in soil at over 450ppm, on dimensions exceeding 2 kilometres in strike and 400 metres in width.

The tin in soil values peak at 992ppm from within an anomaly defined by a threshold value of 200ppm tin, with the anomaly slightly offset from the lithium-tantalum zone and may be indicative of a zoned pegmatite body which is consistent with similar deposits currently being mined around the world.

Tim Dobson, managing director, commented: “The KRE exploration team has done an excellent job in identifying two significant prospects in quick succession. These early achievements confirm our view that Malilongue is highly prospective for a range of deposit types.”

Importantly - geological mapping at Chigaio has identified that the surface lithium tantalum tin anomalism is directly related to a large pegmatite body emplaced along a major NE trending structure that defines the SE contact of the Malilongue granite.

A major plus us early indications suggest that the Chigaio pegmatite is of a particular rare element class known as LCT, which is one of the most important sources of tantalum, lithium, tin, other rare metals and gemstones.

Geoff Collis, GM of Exploration, told Proactive Investors today that prospects keep appearing at Malilongue. "We continue to discover good values of rare earths and heavy rare earths, along with lithium and tantalum. Heavy rare earths remain our primary target."


News flow to increase in the short term

Kimberley will look to release more geochemical soil results in August and September, with a trenching program to commence immediately in the Chigaio prospect area, which is a low cost and effective method of follow up testing.

Once these additional results have been received and targets defined, Kimberley can then look to drill test using a reverse circulation rig which has been sourced locally.


Quelle
Proactive Investors  

KRE hat eine Konzeptstudie für die Cummins Range rausgehauen. Open Pit Design und 16 Jahre Minen-Lebensdauer sind die Stichworte. Hatte noch keine Zeit mir das Blatt im Detail anzuschauen: http://www.asx.com.au/asx/statistics/...isplay=pdf&idsId=01324622  

 Welcome to Kimberley Rare Earths
ASX Announcement - Acquisition of Big Springs Gold Project
 
KEY POINTS
Large gold project proposed to be acquired
Mining: previous production (1987 – 1993) >350 koz
Exploration: NI 43‐1011 inferred resource reported
Drilling data: >2,400 holes
Extension: potential at depth & along strike
Location: Nevada, USA
Consideration framework
Cash: US$4m plus up to US$2m cash deferred (milestone‐based)
KRE shares: 20m plus 45m performance shares (milestone based)
Subject to conditions: includes due diligence, ASX & shareholder approvals
Fit with KRE strategy and capability
Aim to achieve prompt sustainable cash flow
Delivers platform for growth via further M&A
Name change to Anova Metals: approval sought at AGM

 

KRE heisst mittlerweile Anova Metals.

Link: http://www.ariva.de/anova_metals_ltd-aktie
Forum: http://www.ariva.de/forum/...Metals-ASX-AWV-Absprung-geschafft-475972